Bulls And Bud Of The Week: iAnthus Capital And The Green Heart Wellness Center

Welcome to the latest installment of “Bulls and Bud,” a column where we take a look at some of the most promising stocks and brands in the legal cannabis industry.

The Bull: iAnthus

The big news in pot stocks last week was the Canopy Growth Corp (NYSE: CGC)-Acreage Holdings Inc (OTC: ACRGF) deal. Canopy now has the right to buy Acreage for $3.4 billion once the prohibition of cannabis is lifted in the U.S., which could happen in less than three years.

This is a massive deal, and make no mistake, it won’t be the last one.

We know Canopy has been in talks with other multi-state operators, and I suspect Canopy isn’t the only major Canadian cannabis player with enough scratch to buy other quality U.S. assets. The question is: Who’s next?

Of course, I have no way to know the answer to this question, but if I had hundreds of millions of dollars to spend on a buying spree, I’d be focusing on undervalued assets in the U.S. cannabis space.

One of those is iAnthus Capital Holdings Inc (OTC: ITHUF).

iAnthus has a massive footprint with cultivation, processing and retail facilities across 11 states. It’s been actively expanding its presence throughout the U.S. through some very smart acquisitions, and of course it’s very big deal with MPX Bioceuticals, which had the two companies combine in an all-stock transaction valued at about $625 million. That deal launched iAnthus into the same competitive arena as some of the other bigger multi-state operators, such as Green …

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More Bulls And Bud Of The Week: iAnthus Capital And The Green Heart Wellness Center